Recycling and waste management company Ethos has acquired the business and assets, including Worldwide IP rights, of Compact Power and BATNEEC (Bristol) which were both placed into Administration on January 16.
Ethos announced it would continue Compact's existing clinical waste business in Bristol and plans to build a new plant alongside it that will combine the pyrolysis technology acquired from Compact Power and BATNEEC with Ethos existing bio drying technology. This will produce green electricity from household waste processed at the site.
Compact Power was developing the Avonmouth Renewable Energy Plant, an advanced thermal conversion energy from waste plant, as part of the Department for Environment, Food and Rural Affairs (Defra) New Technologies Demonstrator Programme.
Uxbridge-based Ethos, which was previously known as Sweeney Environmental, says it will shortly be appointing a manufacturer to build these plants, and plans to license the sale of these plants on a worldwide basis.
Ethos announced it would continue Compact's existing clinical waste business in Bristol and plans to build a new plant alongside it that will combine the pyrolysis technology acquired from Compact Power and BATNEEC with Ethos existing bio drying technology. This will produce green electricity from household waste processed at the site.
Compact Power was developing the Avonmouth Renewable Energy Plant, an advanced thermal conversion energy from waste plant, as part of the Department for Environment, Food and Rural Affairs (Defra) New Technologies Demonstrator Programme.
Uxbridge-based Ethos, which was previously known as Sweeney Environmental, says it will shortly be appointing a manufacturer to build these plants, and plans to license the sale of these plants on a worldwide basis.
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